The American steel firm Nucor (NUE), which I mentioned earlier, is one of these companies. Nucor sells most of its steel in the US. And Trump’s tariffs have made its products more attractive to US buyers.

American electronics companies like Hubbell Inc. (HUBB) also stand to benefit from the trade war.

High tariffs on cheap Chinese electronics make Hubbell’s products more competitive. The company also pays a 2.7% dividend yield on a low payout ratio. This means it’s a safe and stable stock for income investors.

The trade war should also boost US automation companies like Rockwell Automation, Inc. (ROK).